Link: Economic Stimulus 101

[Bama4Ever831]

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This is a good link that explains what is exactly in the stimulus that will be voted on tomorrow.

Economic rescue: What's on the table - Jan. 26, 2009

Will it work? I hope. I think more money(percentage of the amount of stimulus) should head back to small business. Unless someone has some better ideas, this seems to be the best idea right now.

[Pluck and Grit]

Unfortunately, the article says nothing about the timing of the expenditures. Only about 21% of the $825 billion is scheduled to be spent in 2009. What's stimulating about that?

Read about it here: Congressional Budget Office Stimulus Package Report

Of course I could do the line by line criticism, but it's late and it would take longer than I feel like spending (especially since it's not as if I'll change the mind of any posters here).

But I'll go ahead and say that the doubling in production from renewable energy sources will drive energy prices up, rather than down. These sources are today far less economical than the "standard" ones, which is why they aren't already in use. Government subsidization of renewable energy isn't going to bring the price down.

Some of the other things, the education, infrastructure, and science/research investments can very well stimulate the economy, if the money is spent the right way. There are a million right ways and a million wrong ways for the government to spend money as an economic stimulus. The devil is in the details. It isn't so much a question of whether it's spent on education or video arcades or massage parlors, it's how you spend it on those things. And that's an issue to be addressed by people who have more time to devote to it than I.

But it's not going to do much of anything for us now if it doesn't get spent 'til 2010 or 2011.

[Pluck and Grit]

The CBO is now estimating the cost at $1.1 trillion rather than $825 billion.

[Mamacalled]

Well if building a water park in Miami is stimulating the economy then so be it This bill is filled with pork.

AP IMPACT: Lobbyists skirt Obama's earmark ban - Yahoo! News

The projects run the gamut: a Metrolink station that needs building in Placentia, Calif.; a stretch of beach in Sandy Hook, N.J., that could really use some more sand; a water park in Miami.

Giving a tax rebate to someone who paid zero taxes is ridiculous.

And from the Heritage Foundation, who Obama falsely claimed supported his tax plan, (think of why he wanted you to believe he had their backing) the plan is a an ill conceived plan.

Stimulus 101: The Pelosi-Reid-Obama Debt Plan The Foundry

The “Stimulus” Bills Your Family – $825 Billion is equivalent to borrowing $10,520 from EVERY FAMILY IN AMERICA. This money has to be paid back.

Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

[TRUTIDE]

-Spending on Infrastructure takes years to realize and even then it will do little to stimulate the economy.
-tax rebates have shown no evidence of stimulating the economy.
-It will take time for the government"" to put this much money into the economy for this to have any kind of immediate effect. There are numerous process that take time to push through the beauracracy. Planning, evaluation, bidding etc.
-There is no telling how high the total figure will get. There is a lot of pork left in congress.
-Most of the large job losses we are experiencing recently are corporate jobs not construction type jobs.
-welfare and medicaid is just more soending.
-One of Obama's top economic advisors (John Furman) is not doubtful of the plan.

I like Forbes plan much better. Most economist I've read are currently saying that "massive tax cuts" are the quickest way to stimulate the economy. This along with fixing the lingering poblems in the banking/mortgage industry. Throwing more and more money at the banking industry is not helping. Fix the market to market and other stuff that got us into trouble.Put the money back into the tax paying American people (who actually create the jobs). These are the things we need to be looking at.

I am sure that ther is some stuff in the details of the plan that will help. I saw several things in the summary posted. I just do not see what the big return out of all of that spending will be. A lot of money and a huge debt to the taxpayer.

Pelosi thinks that funding condoms and abortions stimulates the economy. She thinks less babies for the government to support results in more money to spend elsewhere. Why don't we just kill everyone over 69 years old? Just think how much money that would "free up".

[Bama4Ever831]

	Quote:	TRUTIDE
	Throwing more and more money at the banking industry is not helping.

This is probably the only thing I am for sure on about this stimulus. The previous stuff we have tried has done nothing.

The problem I have with massive tax cuts is that is really only benefits the upper portion of America. Everyone else will either save it, use it to buy things they were already going to spend on, or pay off some debt. We need to increase consumer spending, not money in the consumer pockets. We need people to grab that money would be getting back with a tax rebate and go crazy at the nearest store. Since that won't happen with a tax cut (my opinion) in this economic climate, besides with the ultra rich getting their money back. We give money back to the people that did not pay taxes because they are much more likely to go buy useless crap with it to send it back into the economy, which is what we want to happen.
(All of this is from 12th grade Economics. It is probably wrong. Feel free to correct.)

[DiamondDust]

	Quote:	rolltidescott
	Pelosi thinks that funding condoms and abortions stimulates the economy. She thinks less babies for the government to support results in more money to spend elsewhere. Why don't we just kill everyone over 69 years old? Just think how much money that would "free up".

It would definitely help companies such as the Soylent Corporation and Sleepshops International.

[bamanut_aj]

	Quote:	rolltidescott
	Why don't we just kill everyone over 69 years old?

Then who would moderate Tidefans????

[AlistarWills]

	Quote:	rolltidescott
	Pelosi thinks that funding condoms and abortions stimulates the economy. She thinks less babies for the government to support results in more money to spend elsewhere. Why don't we just kill everyone over 69 years old? Just think how much money that would "free up".

I read this, then consider all the illegal Mexican's we're supporting, and wonder what she's thinking...oh yeah, children can't vote Democrat.

[CrimsonChuck]

	Quote:	bamanut_aj
	Then who would moderate Tidefans????

LOL! I have a strange feeling that someone is getting their post count reduced. Or maybe some sort of strange avatar. That is too bad...and here you just got to 10,000 too.

I actually thought of an idea. Let's give everyone a $1000 shopping spree. You can spend it at Target, Best Buy, GM where ever. But you can't put it in the bank, unlike a stimulus check.

[jthomas666]

	Quote:	TRUTIDE
	-Spending on Infrastructure takes years to realize and even then it will do little to stimulate the economy.

Got any links on that? If you put a bunch of money into, for instance highways, you're channeling money into civil engineering firms, construction companies, concrete/asphalt manufacturers, as well as the various support companies. Many concrete companies, for instance, have delayed upgrading or expanding their truck fleets (their own infrastructure, if you will) because of the economy.

[jthomas666]

	Quote:	Mamacalled
	Giving a tax rebate to someone who paid zero taxes is ridiculous.

To clarify this issue:

	Quote:
	Obama supports the tax rebates for those who don't pay income taxes because they do pay payroll taxes for Social Security and Medicare. "The president said again that people that pay payroll tax are taxpayers," White House spokesman Robert Gibbs said later. " ... And he just mentioned that the notion that refundability of tax credits for those that don't make a lot of money was a principle that not only he holds, but one that Ronald Reagan held with the Earned Income Tax Credit in the '80s."